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Nov 8, 2012
11/12
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KCSM
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and european economies. the dollar/yen, 79.96-80.01. the euro/yen, 102.01-06. market players are buying the yen, it's regarded as a relatively safe asset amid pessimistic factors. those include the overnight sell-off on wall street, as well as the grim economic outlook for the eurozone which was released on wednesday. take a look at some of the asian indecks as well. australia's index, it is down .75% at 4483. >>> obama's going to spend much of his time until the end of the year trying to avoid the fiscal cliff and we spoke with rich ars katz, editor in chief of "the oriental economist report." >> 50/50 chance the fiscal cliff can be avoided. if people come to their senses and compromise the impact will be small. if the fiscal cliff goes on for several months there's a very good chance the u.s. will go back into recession, a drop of 3% annual rate. that will have a disastrous effect on air shark it will cut u.s. imports from asia, it will hurt japan, it will hurt the european recovery. it would be a disaster. on the economic thing, i think obama will continue t
and european economies. the dollar/yen, 79.96-80.01. the euro/yen, 102.01-06. market players are buying the yen, it's regarded as a relatively safe asset amid pessimistic factors. those include the overnight sell-off on wall street, as well as the grim economic outlook for the eurozone which was released on wednesday. take a look at some of the asian indecks as well. australia's index, it is down .75% at 4483. >>> obama's going to spend much of his time until the end of the year trying...
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Nov 10, 2012
11/12
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FBC
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and that'she problem with the economy right now. is the people who create the jobs are having a tough time getting financing, to expand their businesses. melissa: but, david, i mean, you sent out this letter that some people thoughtas threatening to your employees saying, you know, in essence you should think fore you vote for president obama because you may lose your job if he wins. he did win. and now you gave people raises. so makes it seem like, maybe the letter was disingenuous? >> well, we're vy cautiously optimistic. no one lost their jobs. in fact i gave everybody a raise, effective immediately. these people, first of all i have the greatest employees in the world. they have been with me through thick and thin. and i wanted to reward them. we're the most profitable we've been in our history. i wanted them to share in those profits. they're the ones that --. melissa: wait, wait. how are you most profitable that you have been in your history if the reason you would have to lay people off because the economy is bad, so how are
and that'she problem with the economy right now. is the people who create the jobs are having a tough time getting financing, to expand their businesses. melissa: but, david, i mean, you sent out this letter that some people thoughtas threatening to your employees saying, you know, in essence you should think fore you vote for president obama because you may lose your job if he wins. he did win. and now you gave people raises. so makes it seem like, maybe the letter was disingenuous? >>...
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Nov 9, 2012
11/12
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WJLA
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he will talk about what needs to be done to keep the economy growing and cut the deficit. mcdonald's monthly sales are down for the first time in 10 years. there is pressure from the weak global economy and competitors including burger king and chipotle. the price of turkey and trimmings for 10 is pegged at $49.48 up 28 cents from last year. more stores are trying to get you into the mall. sears and wal-mart are both opening at 8:00 thanksgiving night. best buy is offering the earliest black friday sneak peek ever. that is america's money. >> right at the end of the game. he sends d.c. into the conference finals. d.c. planning a man down because they're starting goalie got a gold card. the back up saving a penalty kick. they are heading to houston on monday to face the dynamo. >> it is military appreciation night at tonight's wizards game. >> fans get a free performance as well. the wizards host the bucks. three nationals players honored with sluggers awards. loroache meeting first baseman. he also won his first gold glove this year. stephen strasburg gets a silver sluger.
he will talk about what needs to be done to keep the economy growing and cut the deficit. mcdonald's monthly sales are down for the first time in 10 years. there is pressure from the weak global economy and competitors including burger king and chipotle. the price of turkey and trimmings for 10 is pegged at $49.48 up 28 cents from last year. more stores are trying to get you into the mall. sears and wal-mart are both opening at 8:00 thanksgiving night. best buy is offering the earliest black...
SFGTV2: San Francisco Government Television
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Nov 12, 2012
11/12
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SFGTV2
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man: infrastructure is vital to the american economy. water, after all, is an essential ingredient in hundreds of thousands of everyday products. narrator: agriculture and industry use roughly 80% of the water consumed in the united states. water is the basis for manufacturing many goods and provides the ability to clean and sterilize everything from computer chips to the surgical instruments used in hospitals. kelly: the minute that there's not enough water for businesses, industry, and individuals, they have to go elsewhere. and when they go elsewhere, jobs go elsewhere. your entire economy begins to suffer with the lack of clean water. narrator: while the water infrastructure provides for our health, safety, and economy, a growing concern is that the value society derives from water has not traditionally been reflected in the price we pay for water. man: when you take a look at how much people pay for water, as a percentage of median household income, it's usually less than 1%. and when you compare that to how much we pay for electric
man: infrastructure is vital to the american economy. water, after all, is an essential ingredient in hundreds of thousands of everyday products. narrator: agriculture and industry use roughly 80% of the water consumed in the united states. water is the basis for manufacturing many goods and provides the ability to clean and sterilize everything from computer chips to the surgical instruments used in hospitals. kelly: the minute that there's not enough water for businesses, industry, and...
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Nov 9, 2012
11/12
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WJLA
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and we will also have coverage on president obama's speech on the economy. stay tuned. >> "dancing with the stars" -- has thyroid cancer. she is expected to make a full recovery. but she says she will have a big scar across her neck. 7 is on your side with a new way for men to detect testicular cancer with a pregnancy test. the same were mine produced by pregnancy -- the samehormone produced by pregnancy in women is at present in some types of testicular cancer. it could be a reason to go to your doctor. >> an air bag problem in grand cherokees, libertys from 2004. and the air bags in certain models can go off without warning. there have been 81 injuries in 2000 cases. still led, adam is back with a final look at the sunshine today -- still ahead adam is back with a final look of the sunshine to dead. >> do you think you are doing yourself a favor drinking diet cola instead of regular? think again. >> if you are noticing something different about adam these days -- >> look closely. really close. >> right. >> i did not notice that. >> it is movember. thousand
and we will also have coverage on president obama's speech on the economy. stay tuned. >> "dancing with the stars" -- has thyroid cancer. she is expected to make a full recovery. but she says she will have a big scar across her neck. 7 is on your side with a new way for men to detect testicular cancer with a pregnancy test. the same were mine produced by pregnancy -- the samehormone produced by pregnancy in women is at present in some types of testicular cancer. it could be a...
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Nov 9, 2012
11/12
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WJLA
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if congress failed to act, the economy would shrink by 0.5 of 1% and send the unemployment rate soaring to 9.1%. it is something both sides hope to avoid but has not figured out how. >> raising taxes is unacceptable. it could not even pass the house. i'm not sure will pass the senate. >> state agencies are given two weeks to work on their plan to trim 4% and that is plenty of time. >> the problem is not so much how much money they have but how they manage it. >> hockessin 10 delhomme -- of this impending cliff, president obama plans to address americans. >> their lines forming for those who want to take his job. and dancing that you make s second attempt to become governor of virginia. he was known for running president clinton's campaign. he ran for governor in 2000 and at last to -- but lost. >> tonight, the man responsible for shooting former congresswoman gabrielle giffords is facing seven life sentences in a federal courtroom. jared loughner as giffords and her husband nmark kelly were in the courtroom. he read a statement. kelly spoke to diane sawyer. >> what did you see as you sc
if congress failed to act, the economy would shrink by 0.5 of 1% and send the unemployment rate soaring to 9.1%. it is something both sides hope to avoid but has not figured out how. >> raising taxes is unacceptable. it could not even pass the house. i'm not sure will pass the senate. >> state agencies are given two weeks to work on their plan to trim 4% and that is plenty of time. >> the problem is not so much how much money they have but how they manage it. >>...
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Nov 8, 2012
11/12
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WJLA
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economy back into recession. >> it is incumbent the parties work together to avoid the fiscal cliff and lay a plan for growth. >> we can avert the cliff that serves as a catalyst for major solutions enacted in 2013 to begin to solve the problem. >> analysts believe thousands of jobs could be lost if the massive spending cuts and tax increase do take effect. >> if you go to the capital, you will see they are already building the inaugural platform and stage where the president will be sworn in for a second time. we are told some hotels are already getting calls about rooms. >> find out what hotels have availability. is important with what things are happening in the city they can take advantage of it. >> that will run from 4:00 until 2:00 a.m. on election day. the ge real way it success does not plan to offer service since it falls on the martin luther king jr. holiday. >> many of you might have stayed up late tuesday night to learn the results of the election. >> a lot of people hurting yesterday. >> who is the president? obama. >> obama. >> he is from fort washington. we are told this
economy back into recession. >> it is incumbent the parties work together to avoid the fiscal cliff and lay a plan for growth. >> we can avert the cliff that serves as a catalyst for major solutions enacted in 2013 to begin to solve the problem. >> analysts believe thousands of jobs could be lost if the massive spending cuts and tax increase do take effect. >> if you go to the capital, you will see they are already building the inaugural platform and stage where the...
SFGTV2: San Francisco Government Television
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Nov 12, 2012
11/12
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SFGTV2
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the impact of the loss of these events is a loss for san francisco culture and our economy. it will take the right perspective of leadership from the mayor's office to make those events be able to happen. >> [unintelligible] [applause] >> i am very sorry that we lost some of these events. i'm sure they added to cultural diversity. i do know that looking at the board, there are 280 events in a given year. street fairs, hip-hop, promotional events. there is only so much that we can do. we have to make sure that every event has enough personnel to keep it safe. be it the security plan, officers, or police officers. that is one thing i failed to mention earlier. paramount to training for an event that has enough people to prevent anything disastrous from occurring, you never know what can be prevented, because you never know what you can stop from happening. you never know if people have enough resources to make sure they do not have a problem. >> down to the last few questions, we are running out of time. >> let's see how quick we can get to it. >> ok. >> we will be really fast
the impact of the loss of these events is a loss for san francisco culture and our economy. it will take the right perspective of leadership from the mayor's office to make those events be able to happen. >> [unintelligible] [applause] >> i am very sorry that we lost some of these events. i'm sure they added to cultural diversity. i do know that looking at the board, there are 280 events in a given year. street fairs, hip-hop, promotional events. there is only so much that we can...
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906
Nov 8, 2012
11/12
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KNTV
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and with the economy still limping back to health, the stakes could not be higher. president obama, a winner this afternoon, heading back to washington where voters decided he should stay for four more years. at his campaign headquarters in chicago this afternoon, mr. obama thanked staff and supporters. this, after a night of emotional celebration in his hometown of chicago, 20,000 turned out, shedding tears and sharing hugs. >> a long campaign is now over. and whether i earned your vote or not, i have listened to you. i have learned from you. and you have made me a better president. michelle, i have never loved you more. >> reporter: mixed with a little bit of humor aimed at his daughters. >> i am so proud of you guys, but i will say for now, one dog is enough. >> reporter: the president held almost 2,000 campaign events, logging miles on air force one, the candidates spending the most money in history. it is a victory at times seeming impossible, given the anemic economy, and sharply divided electorate. >> this disruptive debate here on capitol hill. >> reporter:
and with the economy still limping back to health, the stakes could not be higher. president obama, a winner this afternoon, heading back to washington where voters decided he should stay for four more years. at his campaign headquarters in chicago this afternoon, mr. obama thanked staff and supporters. this, after a night of emotional celebration in his hometown of chicago, 20,000 turned out, shedding tears and sharing hugs. >> a long campaign is now over. and whether i earned your vote...
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Nov 13, 2012
11/12
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FOXNEWSW
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economy $800 billion and 3 million jobs. sends the u.s. back into recession. >> many people are worried about what this means for the country including the wealthy. >> the rich are selling essentially. we are seeing portfolio rebalancing for the wealthy willing to cut their tax bill in 2013. that's when capital gains taxes may go from 15 percent to 25 percent and dividend taxes may just the stock market being affected by the wealthy folks lacking to cut their tax liability. next year the estate fabtax is to rise 15 percent on estates worth more than $1 million. owners of big homes looking to sell sooner rather than later. a lot of people looking to get out. >> owners of cars affected by hurricane sandy or storm sandy when it hit the northeast. many people lost their cars. oo about 250,000. used car prices are going up as much as 1,000 dollars. drivers are looking to replace the used car or their car in general and they went to dealerships fervently this weekend. very busy here in the northeast. you will pay a higher price for the used car.
economy $800 billion and 3 million jobs. sends the u.s. back into recession. >> many people are worried about what this means for the country including the wealthy. >> the rich are selling essentially. we are seeing portfolio rebalancing for the wealthy willing to cut their tax bill in 2013. that's when capital gains taxes may go from 15 percent to 25 percent and dividend taxes may just the stock market being affected by the wealthy folks lacking to cut their tax liability. next...
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people want to fix the economy. we're looking at the disco clef. we need to get together and try to solve some of these problems, this time in a bipartisan way because the republicans have the house. we ccnnot continue on the path we have been on. alyeska president right now, please, please, please sit down and try and solve these problems. the american business community cannot afford obamacare. we like it. i understand what you wanted to do. it just isn't going to work. want to help you and create jobs. we want to succeed everyone you to succeed, but it will not happen on this past. gerri: a personal appeal to the president right there. very articulately done. i want to turn to you. the fiscal cliff. the cbs sakes tending all expired tax cuts would boost gdp by one-half percentage seems like a good goal to meet. what does your organization send this? >> i think that what you saw back in august when the ceo looked at the expiration we would have almost -- we will almost certainly move back into recession and actually a contraction of potentially f
people want to fix the economy. we're looking at the disco clef. we need to get together and try to solve some of these problems, this time in a bipartisan way because the republicans have the house. we ccnnot continue on the path we have been on. alyeska president right now, please, please, please sit down and try and solve these problems. the american business community cannot afford obamacare. we like it. i understand what you wanted to do. it just isn't going to work. want to help you and...
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Nov 12, 2012
11/12
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FOXNEWSW
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it will be disastrous for our economy. what will it mean for your taxes that effects virtual livery household in the country. san trau smith breaks it down. >> it is the outfit victoria secret wants to keep a secret. we will explain why. >> oh, pocahontas. >> it is 44 minutes after the hour. if no pro xhicompromise is reac fiscal cliff will hit nearly every household. $536 billion more of your mauned the average family will have to woman up with -- come up with an extra 3500 this year. taxes for nearly all americans to go up by 3 percent. >> a lot of people's eyes really glaze over when we are talking the fiscal cliff at year's end. most americans will be effected by this means more dollars affected by our pocket. >> not just the most well off americans. >> middle income families will be affected by this on average. federal income taxes will go up by 3 percent. >> it is at least a couple,$000 for the average family if not more than others. >> split it in half. for the amount of qualified children in your household that wou
it will be disastrous for our economy. what will it mean for your taxes that effects virtual livery household in the country. san trau smith breaks it down. >> it is the outfit victoria secret wants to keep a secret. we will explain why. >> oh, pocahontas. >> it is 44 minutes after the hour. if no pro xhicompromise is reac fiscal cliff will hit nearly every household. $536 billion more of your mauned the average family will have to woman up with -- come up with an extra 3500...
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Nov 9, 2012
11/12
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WMAR
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experts say it's understandable, given the economy and stress all ofous are under. >>> a warmer day in comparison to yesterday. miresville, beautiful shot along the appalachian trail. made it in to middle 50s. you are going to crank it to 60. tomorrow the sunset, we are back to dark. dundalk, towards the key bridge, lots of sunshine getting your temperatures up to near 60 degrees, we will bust pass that in to the day tomorrow. maybe a beach day by monday as temperatures could come close to 70 if not surpassing that 71 in to tuesday afternoon. shot downtown b at 5:30, the 5:30 stats, 48% humidity, 33 the dew point. westerly wind, calming down at 5. in terms of this afternoon, up to 56 degrees, should be around 5249 time of the -- 59 this time of the year. temperatures across the state, range from 52 in the city, 54 towards frederick, falling in to the low 50s over the eastern shore, you will see your temperatures going down in to the 30ss tonight, 2 degrees warmer in comparison to 24 hours ago. milder air move in. a southerly wind, getting you temperatures going in to the 60s. at 7:00,
experts say it's understandable, given the economy and stress all ofous are under. >>> a warmer day in comparison to yesterday. miresville, beautiful shot along the appalachian trail. made it in to middle 50s. you are going to crank it to 60. tomorrow the sunset, we are back to dark. dundalk, towards the key bridge, lots of sunshine getting your temperatures up to near 60 degrees, we will bust pass that in to the day tomorrow. maybe a beach day by monday as temperatures could come...
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Nov 16, 2012
11/12
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WETA
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the netherlands saw its economy shrink the most by a dramatic 1.1%. on wall street today, stocks were down after major retailers issued disappointing forecasts and on news that first-time claims for jobless benefits hit an 18-month high. the dow jones industrial average lost 28 points to close at 12,542. the nasdaq fell nearly 10 points to close below 2837. the u.s. postal service reported today it lost nearly $16 billion in the fiscal year that ended in october. that's a record, and it's more than three times the losses of the previous year. much of the shortfall-- some $11 billion-- was in unpaid health benefits for future retirees. in response, postmaster general patrick donahoe called again for congress to pass a postal overhaul bill. the $23 billion global fund to fight aids, t.b. and malaria has fired its top internal watchdogs citing unsatisfactory performance. his office had uncovered millions of dollars in financial losses. and, his reports had caused some groups to withhold donations. separately, the fund today named a new executive director
the netherlands saw its economy shrink the most by a dramatic 1.1%. on wall street today, stocks were down after major retailers issued disappointing forecasts and on news that first-time claims for jobless benefits hit an 18-month high. the dow jones industrial average lost 28 points to close at 12,542. the nasdaq fell nearly 10 points to close below 2837. the u.s. postal service reported today it lost nearly $16 billion in the fiscal year that ended in october. that's a record, and it's more...
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Nov 12, 2012
11/12
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WUSA
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we're talking a series of tax hikes and spending cuts that could cripple the local and national economy. the president and a group of bipartisan congressional leaders will hold their first fiscal cliff meeting on friday. republicans and democrats of course taking to the sunday talk shows with their agendas but both sides did indicate there could be a growing bipartisan consensus that any solution must include a combination of spending cuts and revenue increases. >>> in the other financial headache hanging over global economies, there is a step forward to tell you about in the greek debt crisis. greek lawmakers have approved the country's 2013 austerity budget. this is a key step in greece's efforts to persuade its internional creditors to unblock a rescue loan installment. without this the country will go bankrupt. >>> it's going to cost you a little bit more to prepare the thanksgiving meal this year but the total cost would actually have been lower this year if it weren't for the bird. the american farm bureau of federation estimate it is will cost you $49.48 to feed ten people. the t
we're talking a series of tax hikes and spending cuts that could cripple the local and national economy. the president and a group of bipartisan congressional leaders will hold their first fiscal cliff meeting on friday. republicans and democrats of course taking to the sunday talk shows with their agendas but both sides did indicate there could be a growing bipartisan consensus that any solution must include a combination of spending cuts and revenue increases. >>> in the other...
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Nov 10, 2012
11/12
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MSNBCW
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romney ran a lot of ads about talking about how the economy is hurting latinos. it's not like he was -- he was trying to run the sort of broader message about, here, we're all suffering from this economy together. the thing i want to say is to conservatives who are reading this. >> they're authors of a book called emerging democratic majority which predicts the democratic changes we're seeing. >> it's a great book. political activists say there are no permanent majorities in politics. it's too competitive. republicans will figure it out. i hope they'll figure it out sooner rather than later. >> lorella, on this immigration issue, i'm actually weirdly in the camp of -- well, first, what do you think about the role immigration would play in changing these political dynamics if, let's say, there was a comprehensive reform bill hammered out in this congress, republican congress, democratic president. what would do do to latinos. >> i think latinos overall are very conservative. they're church goers. they not always support abortion. they fall right into your politics
romney ran a lot of ads about talking about how the economy is hurting latinos. it's not like he was -- he was trying to run the sort of broader message about, here, we're all suffering from this economy together. the thing i want to say is to conservatives who are reading this. >> they're authors of a book called emerging democratic majority which predicts the democratic changes we're seeing. >> it's a great book. political activists say there are no permanent majorities in...
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Nov 12, 2012
11/12
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WUSA
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. >>> there are slight signs the economy is growing as president obama prepares for a second term in officer. what about the real estate market? here is mary lou dell with predictions. good to see you again. how you doing? >> i'm doing great. >> how is the real estate market in our area doing? >> our market continues to improve. our october month at long&foster was the best we've had in years. >> why? >> well, you know, the interest rates are low. the inventory is low on houses that are on the market so things are not sitting very long. >> you have to jump right in. >> you've got to jump right in. we're seeing bids wars -- bidding wars. it's beginning to remind us of the past. >> we usually think that things slow down as we approach the holidays. should we expect that? >> i would think so. what happens is a lot of times people decide they want to wait until after the holidays. they want to get ready for the new year. then you start talking about the spring market. the spring market really goes into effect the end of january, early february. >> with housing and jobs, it's always been
. >>> there are slight signs the economy is growing as president obama prepares for a second term in officer. what about the real estate market? here is mary lou dell with predictions. good to see you again. how you doing? >> i'm doing great. >> how is the real estate market in our area doing? >> our market continues to improve. our october month at long&foster was the best we've had in years. >> why? >> well, you know, the interest rates are low. the...
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Nov 13, 2012
11/12
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WJLA
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. >> factors that are behind these numbers relate primarily to the all know the economy is still sluggish. but there is improvement. >> aaa estimates that gas prices will be about the same as last year. hotel prices will be similar to 2007. the busiest travel day will be wednesday, coming home will be sunday and monday. united states airways holiday travel schedule courtesy of their flight attendants. this ahead of a strike vote, and next wednesday at of the holiday rosh. employees are angry at contract regulations. >> prepared by years of the red line crash. red line could soon be automated again. their report in the automatic train operation will resume on the red line december 1. that is supposedide a smoother ride, but crash avoidance system failed and that 2009 fort totten crash that killed nine people. >> coming up abc 7 news at noon, and new discovery could help shed light on why some you will get parkinson's and others to not. and it could include head injuries. >> and a man set up an automated way to deliver a message from even from beyond the grave. >> and the decision is made o
. >> factors that are behind these numbers relate primarily to the all know the economy is still sluggish. but there is improvement. >> aaa estimates that gas prices will be about the same as last year. hotel prices will be similar to 2007. the busiest travel day will be wednesday, coming home will be sunday and monday. united states airways holiday travel schedule courtesy of their flight attendants. this ahead of a strike vote, and next wednesday at of the holiday rosh. employees...
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economy stalls. i would say over the near term quite frankly the risk of a recession is more in the range of 20 to 25% as opposed to 15%. cheryl: that is higher. a lot of eyes glaring right now. talking about unemployment go up to 9.1%. you will see obviously the gdp will go down, they are saying half a percent, are you in that camp? dennis: deeper than that if they don't address the issue, if we go over the fiscal cliff. if they are too slow restoring government programs, restoring the tax cuts di. cheryl: democrats want them to be raised for those making 250, a million. the president said we're not wet sure if he will negotiate. after the election it seems the republicans will again be at a disadvantage. >> still have to consider right now small businesses who are taxed at personal uncut tax rate levels face the double whammy. not only would they find the income would be substituted to a higher rate of taxation, but they also have to face significantly greater cost for health carhealth care accordi
economy stalls. i would say over the near term quite frankly the risk of a recession is more in the range of 20 to 25% as opposed to 15%. cheryl: that is higher. a lot of eyes glaring right now. talking about unemployment go up to 9.1%. you will see obviously the gdp will go down, they are saying half a percent, are you in that camp? dennis: deeper than that if they don't address the issue, if we go over the fiscal cliff. if they are too slow restoring government programs, restoring the tax...
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Nov 9, 2012
11/12
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WUSA
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president obama making his first post-election comments about the economy. he will talk about those automatic tax headaches and severe budget cuts due to go in effect in january. analysis by the congressional office says if congress boggs down and takes a long time to avert the so-called fiscal cliff it would trigger a recession. the man what shot former congresswoman gabrielle giffords in the head and killed six others will spend the rest of his days behind bars. giffords faced her shooter. he told loughner, you tried to create world as dark as yours but you failed. kelly added, you may have put a bullet through her head, but you haven't put a dent in her spirit. giffords' aid ron bear bar was also wounded. he served out the rest of the congresswoman's term. >> i turned to mr. loughner and said, i hold no hatred for you but i am very, very angry and sick of heart about what you did. >> when the judge sentenced loughner to seven life terms plus 140 years in prison, his mother put her head down and cried uncroppably. the 24-year-old has been diagnosed with sc
president obama making his first post-election comments about the economy. he will talk about those automatic tax headaches and severe budget cuts due to go in effect in january. analysis by the congressional office says if congress boggs down and takes a long time to avert the so-called fiscal cliff it would trigger a recession. the man what shot former congresswoman gabrielle giffords in the head and killed six others will spend the rest of his days behind bars. giffords faced her shooter. he...
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Nov 8, 2012
11/12
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CNBC
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it is investment led economy. export sectors are suffering because they represent the largest number of jobs really in the economy. and labor and jobs really for china is very important and very key. so that we will see policies addressing the unemployment issue. and certainly in europe, policies do need to ensure that the unemployment figure has come down. it probably won't be in the next year or so, but certainly in the medium for longer term, we need to make sure that the labor issue is addressed both sides of the atlantic. >> no one has patience for anything that takes more than a couple of days at this point it would seem. thank you very much for joining us this morning. >>> with some corporate news, profit at china's top pc maker grew at its slowest pace this more than two years in the second quarter. gentlemen, lenovo netted higher than roit estimates. shares were done ahead of the earnings release and you can see down about 2.7%. and fresh data from japan suggests the world's third biggest economy is inchi
it is investment led economy. export sectors are suffering because they represent the largest number of jobs really in the economy. and labor and jobs really for china is very important and very key. so that we will see policies addressing the unemployment issue. and certainly in europe, policies do need to ensure that the unemployment figure has come down. it probably won't be in the next year or so, but certainly in the medium for longer term, we need to make sure that the labor issue is...
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if republicans really want to protect the interests of small businesses and strengthen our economy and shouldn't they let the bush tax cuts expire joining me now is neil aspirate an entrepreneur and host of truth for america no welcome hey tom they're having me back thanks for joining us pardon my coffee. why do you why do you want to see small businesses fail why not why not bring them the success the bill clinton did that's why we got to lower taxes tom everybody who wants to raise taxes has never created a job in their lives because it's absolutely insane what they're saying you talk about bill clinton well first of all he had inherited the regular economy so just about anybody could be successful going on it was a disaster deal. we had but he had to because i had a very good crash the biggest stock market crash the biggest the highest unemployment rate since the great depression in the reagan economy it was after reagan were awful taxes and i would say as a result of reagan got the tax. so but what will disagree on that but what we can what we will agree on is that it was a very di
if republicans really want to protect the interests of small businesses and strengthen our economy and shouldn't they let the bush tax cuts expire joining me now is neil aspirate an entrepreneur and host of truth for america no welcome hey tom they're having me back thanks for joining us pardon my coffee. why do you why do you want to see small businesses fail why not why not bring them the success the bill clinton did that's why we got to lower taxes tom everybody who wants to raise taxes has...
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it has more cash on hand than many country's entire economies. and it's been written off prematurely before. time to sell or time to buy? there's probably an app for that. i'm neal karlinsky for "nightline" in seattle. >> you know they got something cool cooking. thanks to neal and thank you for watching abc news. we're always online at abcnews.com. and we'll be here tomorrow night. i hope you'll join us then. have a good nit.
it has more cash on hand than many country's entire economies. and it's been written off prematurely before. time to sell or time to buy? there's probably an app for that. i'm neal karlinsky for "nightline" in seattle. >> you know they got something cool cooking. thanks to neal and thank you for watching abc news. we're always online at abcnews.com. and we'll be here tomorrow night. i hope you'll join us then. have a good nit.
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find out what's really happening to the global economy. for a no holds barred look at the global financial headlines kaiser reports. and welcome back president obama may have carried ohio this year but republicans are trying to make sure democrats don't ever carry that state again in future elections i was secretary of state john who stood is proposing changing how his state rewards electoral college from its rather than winner take all who's that wants one electoral college vote awarded for each congressional district one so for example ohio has sixteen congressional districts so its electoral college votes would be doled out based on which candidate won each district plus two votes going to the overall winner of the state this is not a good idea in fact this is a spam thanks to republican juror mandarin efforts in two thousand and eleven most congressional districts in ohio favor republicans thus giving them an edge in this scheme in fact it has to plan where to fact this election romney would have actually won a majority of electoral co
find out what's really happening to the global economy. for a no holds barred look at the global financial headlines kaiser reports. and welcome back president obama may have carried ohio this year but republicans are trying to make sure democrats don't ever carry that state again in future elections i was secretary of state john who stood is proposing changing how his state rewards electoral college from its rather than winner take all who's that wants one electoral college vote awarded for...
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economy back into recession and push the unemployment rate up to 9.1% by the end of the fourth quarter next year. the report also projects that after the initial shock, growth would return and the unemployment rate would shrink to 5.5%, but not until 2018. house speaker john boehner yesterday remained steadfast in his position on raising taxes. >> i remain optimistic we're going to be able to find common ground avoid this fiscal cliff and find a way to work together. >> by when? january 1st? >> i would hope so. >> the president is talking about specific increases. he campaigned on specific increases and tax rates from 35% to 39% for those making more than $250,000. so is that on the table right now? >> raising taxes on small business people is the wrong prescription given where our economy is. >> is it on the table to talk about? >> i made clear -- >> to have the wealthier americans pitch in. >> -- that raising tax rates is unacceptable. frankly, it couldn't pass the house. >> you will talk about it even if it's the wrong approach. >> of course we'll talk about it. we'll talk about all
economy back into recession and push the unemployment rate up to 9.1% by the end of the fourth quarter next year. the report also projects that after the initial shock, growth would return and the unemployment rate would shrink to 5.5%, but not until 2018. house speaker john boehner yesterday remained steadfast in his position on raising taxes. >> i remain optimistic we're going to be able to find common ground avoid this fiscal cliff and find a way to work together. >> by when?...
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i think they honestly believe and i agree that raising tax rates on capital gains will hurt the economy. but there's another side which is the spending side and there are some republicans who say look if the democrats and president obama won't negotiate well let's just do these automatic across the board spending cuts may be the only way we can get democrats to cut the budget. >> some out there in the financial markets they say look we need to cut four times more than the president is proposing under his $4 trillion plan. i'm curious your take why the president has been silent. i guess this is strategic. boehner gave an interview a press conference. he's giving a press conference tomorrow. earlier cnn was told the president won't say anything but tonight we heard he'll make a statement tomorrow. >> the election was two days ago. today is thursday. he'll make a statement tomorrow. markets are volatile and reacting. that's why the president wants to say something before he goes asia. we do need to hold down spending. no question. nobody is suggesting that this compromise is not going to i
i think they honestly believe and i agree that raising tax rates on capital gains will hurt the economy. but there's another side which is the spending side and there are some republicans who say look if the democrats and president obama won't negotiate well let's just do these automatic across the board spending cuts may be the only way we can get democrats to cut the budget. >> some out there in the financial markets they say look we need to cut four times more than the president is...
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they stated that their economy is retracting. we also had a spike in weekly unemployment claims. it is up 78,000 mainly due to people in new york city falling for unemployment for the first time due to their offices being closed due to super storm sandy. the pace is slowing for foreclosures in the u.s.. the general trend across the united states is slowing in numbers. dow is down 30 points. >> three popular san francisco companies are in trouble. they have been fined $25,000 for operating without proper permits. these are the services and they were cited for violations for not have enough insurance and not enrolling their drivers and controlled substance and alcohol testing. states stated that they compare these to taxi services. right sure people stated that they are simply just helping people with cars connected with those who need a ride. they're also the target of a class action lawsuit that has been filed last week by a taxi driver who stated that the service is taking fares away from them. we wer >> do you know the car pool? they're picking people up and this is-edge once y
they stated that their economy is retracting. we also had a spike in weekly unemployment claims. it is up 78,000 mainly due to people in new york city falling for unemployment for the first time due to their offices being closed due to super storm sandy. the pace is slowing for foreclosures in the u.s.. the general trend across the united states is slowing in numbers. dow is down 30 points. >> three popular san francisco companies are in trouble. they have been fined $25,000 for operating...
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we're talking about people's lives, businesses, the economy of the area. look, new york city is dragging its tail. other cities have bit the bullet. other cities already have storm surge barriers. look at london. st. petersburg. >> what about american cities? >> even in america, new orleans, providence, rhode island, stamford, connecticut. stamford, connecticut was shielded from the brunt of the storm because it invested in a storm surge barrier. >> why can't the entire coast be protected. >> simply too long. sand repolicemenishment is what florida is doing because of course the economy of florida is tied to sand. and the lifestyle. they are willing to spend on order of $100 million per year. >> sunday is veterans day, a veteran of the iraq war will share a note his younger self. coming up next on cbs "this morning". >> this portion of cbs "this morning" is sponsored by macy's. [ elizabeth ] i like to drink orange juice but the acidic levels in some foods can cause acid erosion. the enamel starts to wear down, and you can't grow your enamel back. my dentis
we're talking about people's lives, businesses, the economy of the area. look, new york city is dragging its tail. other cities have bit the bullet. other cities already have storm surge barriers. look at london. st. petersburg. >> what about american cities? >> even in america, new orleans, providence, rhode island, stamford, connecticut. stamford, connecticut was shielded from the brunt of the storm because it invested in a storm surge barrier. >> why can't the entire coast...
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as you say, this could have a massive impact on our economy. there are these major spending cuts kicking in on january 2nd. you have the bush tax rates expiring at the end of this year. so that could mean tax hikes for millions of americans. you can seat markets reacting in a very negative way over the last couple days. it's clear that one the reasons the president is coming out tomorrow is not just to lay out the parameters of the debate over the next few weeks but also maybe calm the markets a bit, shep. >> shepard: ed on a matter when presidents reach a second term we have a big turnover in cabinet positions that looks like that's coming here. >> we are expecting several of the big jobs, including secretary of state will turn over. hillary clinton said above the election that she was not going to stick around for a second term. she wants to get out, recharge her batteries. some the names being ban teed about include senator john kerry, somebody very prominent and helped prep the president for the debate. susan rice the u.n. ambassador has al
as you say, this could have a massive impact on our economy. there are these major spending cuts kicking in on january 2nd. you have the bush tax rates expiring at the end of this year. so that could mean tax hikes for millions of americans. you can seat markets reacting in a very negative way over the last couple days. it's clear that one the reasons the president is coming out tomorrow is not just to lay out the parameters of the debate over the next few weeks but also maybe calm the markets...
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economists say if they don't find one, the fiscal cliff could throw the economy back into a recession. the congressional budget ofce says that those spending cuts and tax increases, if they do take effect, the unemployment rate will rise to 9.1%. that is an area that is already rattling markets worldwide. >> i think wall street is just generally less optimistic that we will get a real good resolution to this real looming problem of the fiscal cliff. >> reporter: congress returns to washington next week. but it is likely lawmakers will push closing a deal right up to the deadline. tara mergener, for cbs news, the white house. >>> now, the president is set to speak at 1:00. we will be streaming it live on our web site. wusatv9.com. >>> former democratic national committee chair terry mcauliffe is running for political office and sent an e-mail announcing he will run for governor of virginia. he tried for governor last year but lost in the democratic provide mare. since the current governor republican bob mcdonald cannot run again, they are seeking the republican nomination. >>> this ele
economists say if they don't find one, the fiscal cliff could throw the economy back into a recession. the congressional budget ofce says that those spending cuts and tax increases, if they do take effect, the unemployment rate will rise to 9.1%. that is an area that is already rattling markets worldwide. >> i think wall street is just generally less optimistic that we will get a real good resolution to this real looming problem of the fiscal cliff. >> reporter: congress returns to...
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resource based economy. and forgiveness of student loans. thousand on line they would prefer porn legend ron jeremy. >> well he does take a lot of positions. >> she tweeted. thank you for keeping me on track. i do not concede. in fact, i accept the job of unofficial president of the united states of america. i will serve main street not wall street. >> roseanne. president roseanne. wouldn't that be something, man. >> it would be something. >> speaking of politics here, vice president joe biden, an interesting role here. going to appear on november 15th episode of "parks and recreation" the funny show, amy pohler. of "saturday night live" fame. her character, councilwoman on the show has a huge crush on the vice president. her fiance in the show takes her to the white house and bumps into biden face to face and they have a moment. in fact her character says her ideal man has the brains of george clooney and the body of joe biden. clearly a fascinating character she plays on the show. joe didn't film this in the campaign. this was filmed back
resource based economy. and forgiveness of student loans. thousand on line they would prefer porn legend ron jeremy. >> well he does take a lot of positions. >> she tweeted. thank you for keeping me on track. i do not concede. in fact, i accept the job of unofficial president of the united states of america. i will serve main street not wall street. >> roseanne. president roseanne. wouldn't that be something, man. >> it would be something. >> speaking of politics...
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they are trying to keep the economy going keep money flowing into the market. banks to lend more consumers to borrow more. problem is many in the gop in particular are worried that is going to cause inflation that is a big concern for many on wall street. it should be a concern for all of us at home that means your prices are going to go up. >> a lot there. sharyl casone thank you. you can watch her at noon on the fox business network. >>> we just told you about the serious economic issues this country faces. wait until you hear what joe biden's first task will be now that he has been re-elected. if you are trying to sneak away by stealing a plane you might want to make sure you know how to drive it. on this day in history i think we are alone now by tiffany was the number one song. test >> welcome back to fox and friend first. >> it is 30 minutes after the hour. >> we begin with an extreme weather alert. we are talking more misery for the monster storm battering the northeastern area. a nor' easter blowing through bringing with it rain, sweet and record settin
they are trying to keep the economy going keep money flowing into the market. banks to lend more consumers to borrow more. problem is many in the gop in particular are worried that is going to cause inflation that is a big concern for many on wall street. it should be a concern for all of us at home that means your prices are going to go up. >> a lot there. sharyl casone thank you. you can watch her at noon on the fox business network. >>> we just told you about the serious...
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the campaign is over, but the race to repair the economy still lies ahead. >> but, first, a one-two punch from mother nature. snow and wind hammer the northeast just nine days after super-storm sandy devastated the region. another storm slams the northeast, this one won't pack the same punch as that last one. >> it is impacting the area still reeling from sandy. looking live in waterbury, connecticut, at least six inches of snow. it's making a mess of the roads there. jay grey with a similar scene in new jersey. >> reporter: ten days after sandy and the sea is raging again. high winds and heavy rains are battering the northeast already. flood watt others are rising. >> it's very sad. it's very sad to see it's getting pounded again. >> reporter: and this time, there's also snow. >> i don't believe it's like snowing here. >> reporter: a thick blank et covering roadways and cancelling flights and now settling over the debris that sandy left behind adding to the misery that so many have been forced to deal with here. the conditions are crippling with clean-up and recovery. >> i could see us a
the campaign is over, but the race to repair the economy still lies ahead. >> but, first, a one-two punch from mother nature. snow and wind hammer the northeast just nine days after super-storm sandy devastated the region. another storm slams the northeast, this one won't pack the same punch as that last one. >> it is impacting the area still reeling from sandy. looking live in waterbury, connecticut, at least six inches of snow. it's making a mess of the roads there. jay grey with...